Inventory of farm machinary spares

Ruth Mwangi

Kitale, Kenya

100% repaid

Entrepreneur

Name

Ruth Mwangi

Member since

January 2015

On-time repayments

54 installments  •  76%

About Me

My names are Ruth Mwangi I reside in Kitale,Trans Nzoia,Rift valley region in Kenya.I was born in a family of 12 siblings being the fifth-born .I was brought up in a poor family and my parents had to work extra hard to pay our school fees .This made my school life a challenge but I managed to complete primary level and later secondary. My parents could not afford to pay my college fees .I started selling farm products from our small piece of land at the nearby market ,the profit I acquired from this business i helped my parents in paying fees for my younger siblings and I was also able to pay for my college tuition fees I was studying part-time .
In college, I attained a diploma in sales and marketing and I was employed in a company in nakuru town(Simba machinery) as a sales representative. I worked very hard and was promoted to a sales manager.
I started my own business in 2010 from the savings I had saved from my salary. I purchased farm machines ie choppers, posh mills and generators.
I shifted to kitale town because it is an agricultural town and therefore there is high demand of these farm products.
My hobbies are singing, reading, traveling socializing and volunteering,dancing, .

My Business

Planning to add some more stock in my new electrical shop due to risen demand.Am doing fine in my new electrical shop.Thankyou soo much for the continued support.Am kindly requesting for some more funds.soo that i can restock my shop with some products am lacking.Bulbs and clips.Thankyou zidisha.

Loan Proposal

When granted this loan i will use it to buy spares for poshomills,generators and choppers.I will purchase belts,nuts,bolts,pulleys and bearings.This will increase my profits and increase accessibility to my clients.
Estimated budget:
Belts ksh 3000/=
Nuts and bolts ksh 2000/=
Bearings ksh2000/=
Pulleys ksh 2000/=

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 26, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $100.16 at 6.64% annual rate over 2 months = $1.39

Service fee: $0.82

Lenders

HansLindgren

Uppsala, Sweden

R

ram1919

San Jose, United States

D

Don100

Wilton, United States

markpearson

Portsmouth, United Kingdom

Mikers

Netherlands

Cathy

Melbourne, Australia

Dayton

Vancouver, Canada

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